Ero Copper (TSE:ERO) PT Raised to C$36.00 at Canaccord Genuity Group

Ero Copper (TSE:EROGet Free Report) had its price target lifted by stock analysts at Canaccord Genuity Group from C$34.00 to C$36.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 19.09% from the company’s current price.

A number of other analysts also recently issued reports on ERO. Cormark lifted their target price on Ero Copper from C$30.00 to C$32.50 in a research report on Friday, May 10th. Jefferies Financial Group set a C$30.00 target price on shares of Ero Copper and gave the stock a “hold” rating in a report on Friday, May 3rd. CIBC increased their price target on shares of Ero Copper from C$28.50 to C$32.00 and gave the company a “neutral” rating in a research note on Wednesday, May 8th. Pi Financial upgraded shares of Ero Copper from a “neutral” rating to a “buy” rating in a research note on Thursday, April 18th. Finally, Scotiabank raised their target price on shares of Ero Copper from C$30.00 to C$32.00 in a research note on Thursday, May 9th. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of C$29.46.

View Our Latest Stock Analysis on Ero Copper

Ero Copper Stock Up 2.0 %

TSE:ERO opened at C$30.23 on Monday. The stock has a 50-day simple moving average of C$26.96 and a 200 day simple moving average of C$22.42. Ero Copper has a 52-week low of C$15.72 and a 52-week high of C$32.12. The company has a market cap of C$3.11 billion, a PE ratio of 22.56, a PEG ratio of -0.72 and a beta of 2.14. The company has a debt-to-equity ratio of 55.09, a quick ratio of 1.43 and a current ratio of 1.15.

Ero Copper (TSE:EROGet Free Report) last released its quarterly earnings results on Thursday, March 7th. The company reported C$0.29 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.31 by C($0.02). Ero Copper had a return on equity of 13.96% and a net margin of 21.71%. The firm had revenue of C$158.50 million for the quarter, compared to analyst estimates of C$143.80 million. On average, sell-side analysts expect that Ero Copper will post 2.0391588 EPS for the current fiscal year.

Insider Transactions at Ero Copper

In other Ero Copper news, Director Lyle Braaten sold 1,208 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of C$29.69, for a total value of C$35,865.52. Corporate insiders own 11.06% of the company’s stock.

About Ero Copper

(Get Free Report)

Ero Copper Corp. engages in the exploration, development, and production of mining projects in Brazil. The company is involved in the production and sale of copper concentrate from the Caraíba operations located in the Curaçá Valley, northeastern Bahia state, Brazil, as well as gold and silver by-products.

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Analyst Recommendations for Ero Copper (TSE:ERO)

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